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Patriots release wide receiver Brandon Lloyd

03.16.13 at 3:27 pm ET

The Patriots announced Saturday that they have released wide receiver Brandon Lloyd. The news was first reported by the Boston Herald’s Jeff Howe. Lloyd was due a $3 million roster bonus this weekend and had been reportedly negotiating a restructured deal with the team. The veteran receiver was due a base salary of $1.9 million in 2013, with a salary cap charge of $4.9 million.

The 31-year-old Lloyd had 74 catches for 911 yards and four touchdowns in 2012, his first season in New England. He’s played for five other teams since joining the NFL in 2003.

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